Jet Airways suffered a INR2.25 billion ($46.1 million) loss in its first fiscal quarter ended June 30, a reversal from the year-ago period's INR1.43 billion profit, but said that "operationally the performance has stabilized" and that efforts to reduce capacity and costs "have started to show results." Revenue fell 16.2% to INR24.28 billion as passenger numbers declined 18% to 2.6 million, but it was a one-time charge of INR9.16 billion related to a change in the company's depreciation ...

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